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the end of Pax Americana and the beginning of something else, possibly a Pax Europea, led by the strength of the euro … performance of these two economic blocs. While the current exchange rate between the US dollar and the euro has been considered a … worried. The strength of the euro is becoming irritating for the Eurozone and, nevertheless, the weakness of the US dollar is …
Persistent link: https://www.econbiz.de/10005789886
The trading between currencies in Islam when both parties’ responsibilities are postponed to the future has been regarded as non-halal or un-islamic. Since there are many controversies in the area of currency, there have been suggestions to enhance investments in gold to avoid the element of...
Persistent link: https://www.econbiz.de/10011185385
different movements of paired currencies (US index-US Gold, US Gold-Euro Gold, US Gold-Ringgit Gold, and Euro Gold-Pound Gold …
Persistent link: https://www.econbiz.de/10011185386
shock, for example, can affect the exchange rate between the euro and the yen. Since positive US demand shocks have a … greater positive impact on Japanese interest rates than on eurozone rates, the yen appreciates against the euro in response …. Using quarterly data on the U.S., the euro area and Japan from 1981 to 2006, this paper shows that the third …
Persistent link: https://www.econbiz.de/10011111112
learned from current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the …
Persistent link: https://www.econbiz.de/10005835646
As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they (whether one or both parties) must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular...
Persistent link: https://www.econbiz.de/10005836848
As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular time. If the transaction is to...
Persistent link: https://www.econbiz.de/10005617198
current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the remaining …
Persistent link: https://www.econbiz.de/10005621973
Currency crises, generally defined as rapid depreciation of a local currency or loss of foreign exchange reserves, are common incidents in modern monetary systems. Due to their repeated occurrence and severity, they have earned wide coverage by both theoretical and empirical literature. However,...
Persistent link: https://www.econbiz.de/10011259158
This paper investigates the dynamic implications of Krugman’s (1999) model of financial crises with balance-sheet effects, which has a considerable impact on the literature as well as the teaching of international financial crisis. By explicitly taking account of wealth accumulation and...
Persistent link: https://www.econbiz.de/10008529247